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Detailed text transcripts for TV channel - FOXNEWS - 20121229:23:25:00

Were on this channel talking about the debt limit. and that is because the right has been captured by antitax interest by grover norquist, by people who won t come to the table and have a reasonable conversation about modest tax increases in relationship to modest cuts in spending where the majority of american people are. and so alexis, let s be honest. because the house is acting like bunch of kids. the president is backtracking on his deal because all he s concerned about doing is breaking house republicans on this issue, because he wants to get his agenda through before the 2014 election and he feels the best way to do this is make house republicans and john boehner who is now the least popular congressional leader look like bad guys. it s political heater and not good governance. heather: we appreciate you joining us. we ll see what happens. thank you. kelly: preparations are underway for the new year s eve celebration in times square. ....

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Detailed text transcripts for TV channel - FOXNEWS - 20121229:23:07:00

Wealthy entrepreneurs moved abroad to other countries in the region. today s court decision could see them delaying departures for the time being. they may well still have their suitcases ready in the corner. kelly: to your point, i wanted to ask but that because for the wealthy people living in france, those making more than $1.2 million a year, who would incur the 75% tax should it go through once he resubmits it, how have they responded to the proposed tax hike and the i understand the french billionaire, who is the chief executive officer of moa, ask louis vitton, filed an application for belgian nationality and an actor looking to flee france should this 75% tax go into effect? completely true. the french have always had very uneasy relationship with the richest parts of their society. ....

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Detailed text transcripts for TV channel - FOXNEWS - 20121229:23:09:00

i think the thing to learn at the moment that they ve been trying in france is probably second nature to an american. what they re trying to learn in france is that it s not bad news to be an entrepreneur. if you have this entrepreneur spirit, you can do it. but you do have to put things in slowly and to reach out and i think that s where the president of france has lost a lot of ground. he didn t get a lot of people on his side, even though he said that this tax hike would only be for a very small proportion of the population and would only be for two years. but because it was seen to have been rushed through, not properly spelled out, it was difficult. kelly: one final question, if i may, what kind of deficit reduction would this tax be able to provide for the people of france, if you incur 75% tax because you just happen to be a multi-millionaire? the thing about france is we re not the united states. we don t have that many ....

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Detailed text transcripts for TV channel - FOXNEWS - 20121229:23:20:00

To really push senate democrats in the right direction with respect to tax. president obama has shown no leadership on this. what they really need to do is minimize the damage from what president obama is trying to push for the higher tax cuts because they re going to need public opinion on their side in the new year to really make entitlement reform because at the end of the day, we re ohm talk being tax. we know $16 trillion in debt. the real problem right now is entitlement spending because at 62 to 65% of the federal budget. we ve got this problem ballooning by the hour w. got to do something about it. right now i think house republicans are going to have to take it on the chin and get the deal because we need public opinion on our side. heather: alexis, will they get it done? i hope so. i think the lack of leadership has been on the house side. speaker boehner couldn t even get his own bill passed. so he s been fumbling the ball. i think what the president is doing with the up ....

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Detailed text transcripts for TV channel - FOXNEWS - 20121229:23:18:00

Caught fire. no word yet on what caused the crash. the windy city reaches a tragic milestone. chicago police say the city has logged its 500th homicide of the year. the latest victim was shot in the head outside a convenience store. former president george h.w. bush s condition continues to improve. a family spokesperson says he has been moved out of intensive care unit, but remains hospitalized for a bronchitis-related issue. heather: as lawmakers try to hammer out a budget deal, president obama is also pushing for another more scaled down proposal. in the meantime just in case that doesn t happen. one, that according to many critics would only deal with half the problem. so is this really the best course of action? first, listen to what the president had to say about this during his weekly address. leaders in congress are working on a way to prevent this tax hike on the middle class and i believe we may be able to reach an agreement that can pass ....

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